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ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
Start Chapter 11 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test
00:00
Question # 1
Which of the following parties of a letter of credit is called beneficiary
Question # 2
Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods
Question # 3
IOU is a document
Question # 4
The important types of banker's letter of credit:
Question # 5
The first stage or step between importer and exporter for the purpose of sale and purchase is:
Question # 6
Stock certificate is a document issued by
Question # 7
Which letter of credit is issued for a single or particular transaction:
Question # 8
Which letter of credit is automatically renewed by fulfilling certain conditions
Question # 9
Which of the following is used to finance the people who want to travel abroad
Question # 10
Which letter of credit is accompanied by some documents
Question # 11
What does IOU mean
Question # 12
Which one can be crossed :
Question # 13
What does the bank receive on issuing a letter of credit:
Question # 14
Commercial letter of credit is issued for the facilty of:
Question # 15
Which of the following can be cancelled by the issuing bank without the consent of the other parties
ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
Top Scorers Of Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test" MCQ`s Test
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M Mubashira 10 - Jul - 2021 00 Min 09 Sec 15/15 -
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H Hassan Abid 22 - Jun - 2022 01 Min 10 Sec 15/15 -
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A Alisha 01 - Jul - 2021 03 Min 09 Sec 14/15 -
T Teiyr 11 - Nov - 2025 03 Min 15 Sec 14/15 -
A ALI AZAM 09 - Jul - 2021 01 Min 48 Sec 13/15
ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Stock certificate is a document issued by |
A. Commercial bank
B. Central bank
C. Limited companies
D. Stock-market
|
| 2 | Commercial letter of credit is issued for the facilty of: |
A. Ambassadors
B. Common people
C. Businessmen
D. Alll of the above
|
| 3 | What is the nature of credit instrument IOU |
A. An autograph
B. A monograph
C. A holograph
D. A sonograph
|
| 4 | If the exporter is not the receiver (beneficiary) of money then a letter of credit is called: |
A. Resolving
B. Back to Back
C. Transferable
D. None of the above
|
| 5 | Which letter of credit is accompanied by some documents |
A. Confirmed
B. Documentary
C. Non-documentary
D. All the above
|
| 6 | Which of the following parties of a letter of credit is called beneficiary |
A. Importer
B. Exporter
C. Opening bank
D. Advising bank
|
| 7 | The letter of credit which can be endorsed to another person is called: |
A. Special L.C
B. Transferable L.C
C. Resolving L.C
D. None of the above
|
| 8 | Which letter of credit is automatically renewed by fulfilling certain conditions |
A. Fixed
B. Documentary
C. Confirmed
D. Revolving
|
| 9 | Which one can be crossed : |
A. Money order
B. Postal order
C. Credit card
D. All of the above
|
| 10 | The important types of banker's letter of credit: |
A. Two
B. Three
C. Four
D. None of these
|
Test Questions
